ITC Limited has set itself the target to meet 100% of purchased grid electricity requirements from renewable sources by 2030.
In line with its philosophy of ‘Responsible Competitiveness’, the Company has adopted a low carbon growth strategy which encompasses a large renewable energy footprint.
The company has already made significant investments in renewable energy assets (Wind and Solar projects combined). This will improve Renewable Energy share of company by additional 6% from current levels.
The current renewables portfolio of ITC consists of 138 MW of wind power plants and 14 MW of Solar plants with ~53MW of additional solar capacity under execution. Projects are also underway in the area of other sources of renewable energy like solar boiler or biomass boilers.
At present, ITC uses renewable energy across 20 factories, 9 hotels and 6 office buildings spanning states such as Telengana, Tamil Nadu, Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Delhi, Bihar, Haryana, West Bengal and Punjab.
Currently, the 46MW Wind power plant in Andhra Pradesh owned by ITC supplies power to over 15 ITC establishments in 8 states. This has led to a higher Renewable energy utilization for the company.
Emission Reduction Targets
Besides investing in new renewable energy assets, ITC also aims to achieve a 50% reduction in specific emission and 30% reduction in specific energy consumption by 2030 over a 2014-15 baseline. Such efforts in decarbonizing energy consumption through low-carbon energy solutions will be met through large-scale digitalisation and R&D initiatives, cross-sectoral collaborations and partnerships.
Talking about company’s resolve to mitigate climate change risks, Sanjiv Rangrass, Group Head –R&D, Sustainability and Projects, ITC Limited said,” As a sustainability pioneer and an exemplar in environment stewardship, ITC has been emphasizing on the need to decarbonize energy consumption through green energy solutions in order to mitigate climate change risks. Since making sustainability a core objective in all business operations two decades ago, we have worked on a low carbon growth plan, in which expanding our renewable energy portfolio is our top priority. To pursue continuous improvement in energy and emission related performance, we have taken up specific energy and Greenhouse Gas emission reduction targets. The results of our 360-degree sustainability initiatives are manifest in the Company’s decade-long achievements even as our businesses expand rapidly together with the creation of 6 million sustainable livelihoods.”
The company’s move to renewable is really commendable, however it is worth noting that the company has not mentioned about its plan to stop plastic pollution. Single use plastics like wrappers of potato chips, biscuits, detergents, soaps etc. are causing huge damage to our environment. Single use plastics have been polluting our air, water and soil and needs to be stopped immediately. Companies like ITC Limited needs to switch to biodegradable wrappers and help in keeping our earth clean and green.
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